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Seychelles decisions
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Seychelles International Mercantile Banking Corporation Limited (CM 15 of 2024) [2025] SCSC 119 (24 June 2025)
The court confirmed a judicial sale of mortgaged immovable property, adjudicating two parcels to the execution creditor and one leasehold interest to the successful bidder.
Development Bank of Seychelles Ltd v Morin & Anor (CM 06 of 2022) [2025] SCSC 67 (5 May 2025)
The court found the statutory formalities for a sale by levy were met and adjudicated parcel B2420 to the Development Bank of Seychelles Ltd.
Development Bank of Seychelles v Juluis (CM 21 of 2024) [2025] SCSC 69 (28 April 2025)
The Supreme Court of Seychelles confirmed a judicial sale by levy of land parcel C3424 to the Development Bank of Seychelles after finding statutory formalities were met.
Rosebelle (Pty) Ltd & Anor v Mauritius Commercial Bank (MA 248 of 2024 (Arising in CS 93 of 2024)) [2024] SCSC 176 (18 November 2024)
The application for stay of proceedings is premature as there are no ongoing proceedings before a Judge in relation to the commandment. The Immovable Property (Judicial Sales) Act provides sufficient statutory remedies for the Applicants, including the right to object and seek postponement of sale. Therefore, the Supreme Court's equitable jurisdiction under section 6 of the Courts Act is excluded, and the application must be dismissed.
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Johnson v Absa Bank Seychelles Limited (CS 39 of 2022) [2023] SCSC 733 (22 September 2023)
The Supreme Court of Seychelles held that charges securing earlier loans remained in place as continuing security for a later consolidated loan, and dismissed the claim.
Marie & Anor v Development Bank of Seychelles (CS 114 of 2021) [2023] SCSC 186 (10 March 2023)
The court struck out a claim challenging property transfers made under a compromise, holding the relief sought was not properly pleaded.
Valabhji v Anti-Corruption Commission Seychelles (MC 82 of 2022) [2023] SCSC 99 (10 February 2023)
The directors' resolutions authorising advances or loans to the applicant for his personal legal fees are unlawful as they contravene section 172 of the Companies Act, which prohibits loans to directors except under strict conditions not met here. The companies are not authorised to engage in money lending under the Financial Institutions Act. The applicant is only entitled to receive dividends declared in accordance with the Companies Act and Articles of Association; no other funds may be advanced to him.
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AG (FIU); In Re: Mena Group Holdings Ltd and Others (MC 8 of 2022) [2022] SCSC 684 (21 July 2022)
The Supreme Court of Seychelles extended an FIU freezing direction over multiple accounts for 10 days, finding good cause under the AML/CFT Act.
Chalet D’Anse Reunion & Ors v SIMBC (CS149/2019) [2021] SCSC 1046 (12 November 2021)
The Supreme Court of Seychelles dismissed a claim over bank debits after fraudulent card transactions, finding no proven faute and no valid basis for the bank’s counterclaim.
Hoareau and Ors v Hoareau (SCA 3 of 2019) [2021] SCCA 41 (13 August 2021)
The funds in the joint account did not accrue to the respondent as beneficial owner upon the deceased's death; instead, they formed part of the deceased's estate, as the survivorship clause only regulated the bank's obligation and did not extinguish the heirs' rights under succession law.
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